The Co-Living Show

Craig Curelop and Miller McSwain

Co-living is one of the most misunderstood, and highest-potential, ​ strategies in residential real estate investing. Most investors hear the buzzwords, see the cash-flow claims, and immediately assume it’s either too risky, too operationally intense, or too complicated to scale. The truth is simpler: coliving work exceptionally well when built on systems, governed by operational clarity, and executed like a real business, not a side hustle. The Co-Living Show exists to make that clarity accessible for serious professionals who want smarter returns without gambling on guesswork.​​Hosted by BiggerPockets authors Craig Curelop and Miller McSwain, The Co-Living Show goes far beyond surface-level real estate content. This is the only real estate investing podcast dedicated exclusively to the economics, operations, regulations, and strategic frameworks that drive high-density co-living and shared housing at scale. Whether you’re new to the model or a high-earning, time-poor professional seeking exposure to a sophisticated cash-flow real estate strategy without becoming an operator, this show delivers the confidence, understanding, and insight needed to invest intelligently.​​Each episode takes you inside the real-world systems behind co-living performance. You’ll hear from operators running multi-market portfolios, attorneys specializing in zoning and compliance, designers who understand space optimization and profitability, lenders financing room-by-room rental strategies, and property managers and city officials shaping the future of affordable housing innovation. You’ll also hear from the Co-Living Cash Flow Community, everyday investors solving operational challenges and executing the exact frameworks discussed on the show.​ 👉 Join the community: www.millermcswain.com/community​​There is no fluff here. No hype. No motivational noise. Every conversation is grounded in data, regulatory insight, operational logic, and investor-level clarity. Co-living is not “passive income.” It’s not a shortcut. It’s a system. And systems — when executed correctly — produce scalable, predictable returns that outperform traditional rental models. This is not speculative theory. It’s cash-flow real estate strategy in action.​​Craig brings acquisitions, underwriting, and market strategy. Miller brings operations, pricing systems, and standardization frameworks that make coliving scalable. Together, they deliver an operator’s perspective of an asset class most investors only see from the outside. As BiggerPockets authors, educators, and practitioners, they simplify complexity without diluting truth: coliving works, but only when done correctly.​​You’ll hear underwriting breakdowns, operator case studies, deal teardowns, regulatory realities, tenant strategy, market analysis, and the economic logic behind high-density residential investing. You’ll learn how to invest passively, partner with experienced operators, or simply understand the business model in depth, even if you never plan to manage a property yourself.​​The Co-Living Show does not claim co-living works. It proves when, why, and under what conditions it works.​​If you want confidence instead of conjecture, systems instead of speculation, and clarity instead of chaos, this is your source of truth for professional-grade residential real estate investing.​​Subscribe and join thousands of investors building deeper understanding, stronger portfolios, and smarter strategies, without wasting time on noise.​​This is the future of residential real estate investing. And now you’ll finally understand how it works.​​

  1. 6h ago

    EP 22 - How We Took a Co-Living Portfolio From 50% to 90% Occupancy

    Craig Curelop and Miller McSwain sit down for a solo episode of The Co-Living Show to unpack how they took a struggling co-living portfolio from around 50% occupancy to 90% occupancy in just a few months. This was not a simple “post better listings and fill the rooms” story. Before the turnaround, the portfolio had major operational issues. Owners were frustrated, residents were unhappy, vendors had concerns, systems were inconsistent, houses were set up differently, and occupancy was far below where it needed to be. Craig brought the acquisition and growth side. Miller brought the operational systems, leasing process, marketing structure, and resident experience. Together, they walked through the hard process of cleaning up the portfolio, standardizing the houses, communicating with owners and residents, fixing the leasing funnel, and rebuilding trust. In this episode, Craig and Miller talk about the real lessons from the turnaround, including why top-of-funnel marketing, conversion, pricing, tours, retention, resident experience, and change management all had to work together. You’ll hear how they approached: • Taking over 20+ co-living houses • Standardizing property systems • Improving resident communication • Handling messy transitions • Rebuilding listings across Zillow, Roomies, Facebook Marketplace, and Apartments.com • Using better photos, videos, pricing, and automation • Testing different follow-up and conversion strategies • Moving from resident-led tours to self-guided tours • Adding welcome baskets, calls, community events, and referral opportunities This episode is especially useful for co-living investors and operators who want to scale without creating operational chaos. Connect with Craig and Miller: Miller McSwain Instagram: https://www.instagram.com/millermcswain Craig Curelop Instagram: https://www.instagram.com/craigcurelop Join The Co-Living Community: www.millermcswain.com/community

    55 min
  2. Jun 18

    EP 19 - Airbnb to Co-Living Conversion: Why These Arizona Flippers Made the Switch

    What happens when two people with 26 years and 2,500+ flips under their belt discover co-living? For Brian and Gina Kingdeski, it meant ditching a struggling Arizona Airbnb portfolio and going all-in on building co-living homes from the ground up. In this episode, Brian and Gina explain why they made the switch, how they fill rooms faster than almost anyone in the space (8 rooms in under two weeks, often before closing), and the construction details that separate a beautiful, high-performing co-living home from a cold, chopped-up "dorm." They get into their 8-bedroom minimum, the ~$7,500/month gross on a converted 1,300 sq ft house, $1–2K/month cash flow per property, and how years of work with their lender let them become their own comps and skip the appraisal headaches most operators run into. You'll also hear the stuff nobody talks about: sewer scopes, three-inch vs. four-inch pipe, why en suites are worth it, using AI to stage bedrooms, and how their faith shapes both how they build and who they rent to. What we cover: Airbnb vs. co-living: scalability, stress, and turnover costsWhat it really costs to convert a short-term rentalThe 8-bed, 3-bath formula and stabilization mathFloor plans that flow vs. hotel-style buildsSolving lender and appraisal problems on high-bedroom-count homesA memorable housemate story and the lesson in compassion behind itConnect with Brian & Gina: YouTube: https://www.youtube.com/@brianandginaking LinkedIn: https://www.linkedin.com/in/gina-kingdeski-48952511b/ Website: https://trinitydesignconstruction.com/ Here are some of Brian and Gina's latest projects on Padsplit website.  https://www.padsplit.com/rooms-for-rent/listing/33417?utm_source=copylink&utm_medium=share&utm_campaign=property_share&utm_content=33417&ref=1022554 https://www.padsplit.com/rooms-for-rent/listing/31947?utm_source=copylink&utm_medium=share&utm_campaign=property_share&utm_content=31947&ref=322872 https://www.padsplit.com/rooms-for-rent/listing/32891?utm_source=copylink&utm_medium=share&utm_campaign=property_share&utm_content=32891&ref=322872 ChatGPT Prompt:  https://drive.google.com/file/d/1hpy0-uFm49KIX8kz0mkIWYl4n673EjQn/view?usp=sharing Connect with the hosts: Miller: https://www.instagram.com/millermcswain/ Craig: https://www.instagram.com/craigcurelop/ Join The Co-Living Community: https://www.facebook.com/groups/thecolivingcommunity Enjoyed the episode? Leave a rating and review on Spotify or Apple Podcasts, it helps the show grow.

    1h 6m
  3. Jun 11

    EP 18 - From 65% to 95%: How Pascal Wagner Turned Around a Failing Co-Living Portfolio

    Pascal Wagner bought 12 properties in two years, and then his occupancy dropped to 65%. In this episode, he shares how he booked a one-way ticket to Atlanta, fixed the bleeding, and rebuilt his portfolio into a 104-room operation running at 95% occupancy and a 25% cash-on-cash return. Pascal is a true problem-solver, and he gives a masterclass in co-living operations: how to keep houses clean, set firm standards, reduce churn, and build a team that lets you sleep at night. What you'll learn: How deferred maintenance crushed his occupancy, and the turnaround that reversed itThe "graffiti train" effect and why small messes escalate fastBuilding a "tattle culture" with cameras, fines, and clear expectationsWhy he ditched house managers for dedicated cleanersWelcome baskets, onboarding calls, and slashing 90-day churnThe case against pushing rents, and why filling rooms winsRefinancing co-living, navigating appraisals, and staying upfront with lendersHis current thesis: buy ugly, renovate right, and pull your capital back out— 🏠 Join our FREE co-living community: https://www.millermcswain.com/community 📲 Follow us on Instagram: Miller McSwain — https://www.instagram.com/millermcswain Craig Curelop — https://www.instagram.com/craigcurelop 🔗 Connect with Pascal Wagner on LinkedIn: https://www.linkedin.com/in/pascalwagner Enjoyed the episode? Leave us a rating and review, it helps us reach more co-living operators.

    1h 8m
  4. Jun 4

    EP 17 - From College Football to Phoenix's #1 Co-Living Property Manager

    Corey Enman runs the largest co-living property management company in Phoenix — 40+ houses and 100+ rooms — and in this episode he gets tactical about exactly how he does it. This is a pen-and-paper one: the specific softwares, screening rules, and operations systems he's spent three and a half years refining. Corey walks through his SWAT cleaning system (sweep, wipe, attend to the bathroom, take out the trash), why he switched residents to Telegram instead of WhatsApp, and the screening criteria that keep his houses problem-free, including why he turns away smokers every time. He also breaks down good market vs. bad market dynamics, why he now targets 11-bed/4-bath houses that cash flow $2K+ a month, and the four phases of scaling a co-living business from scrappy solo operator to a real management company. Plus: the power of niche vs. general masterminds, the $1 first-month trick to fill empty rooms, when to make your first hire, and a co-living horror story involving nine people in a four-person house that changed how Corey screens forever. In this episode: The SWAT cleaning system that keeps 40+ houses clean with one VATelegram vs. WhatsApp for resident communicationTenant screening: smoking, pets, guests, income, credit & criminal historyWhy co-living cash flows in both up and down marketsThe 11-4 floor plan and why 7-bed houses no longer pencilThe four phases of scaling and when to hireA jaw-dropping co-living horror storyFollow us on Instagram:  Craig Curelop — @craigcurelop  Miller McSwain — @millermcswain  Corey Enman — @corey.enman Join our free co-living community: www.millermcswain.com/community

    1h 9m
  5. May 20

    EP 15 - How Twin Brothers Built 7 Co-Living Homes in 2 Years

    In this episode of The Co-Living Show, Craig Curelop and Miller McSwain sit down with twins Hem and Harsh, the operators behind CH Room Rentals, to unpack how they scaled from their first house hack to 7 co-living homes and 35 rooms in just a couple of years. Hem and Harsh share their story of immigrating to the U.S. from India, working full-time through college, saving aggressively, and using house hacking as their entry point into real estate. What started as one 5-bedroom home in Charlotte quickly turned into a repeatable co-living model built around furnished rooms, strong tenant retention, self-management, and family partnership. This conversation is especially valuable for newer co-living investors who are trying to figure out what the next few steps look like after buying their first property. In this episode, we cover: - How Hem and Harsh scaled to 7 homes and 35 rooms - Why 5 bed / 3 bath homes are working in their market - How they use house hacking to keep acquisition costs low - The benefits and challenges of running a family-owned co-living business - Why they chose to self-manage instead of using PadSplit - How furnished rooms help them command higher rents and improve retention - Their favorite platforms for finding tenants, including Facebook Marketplace and Furnished Finder - How they keep vacancy low without overcomplicating operations - What they learned from their first eviction - Why local REI groups and co-living communities helped accelerate their growth - Their next phase: new construction co-living homes The episode also includes a community Q&A about rising utility costs and how co-living operators can respond when expenses increase faster than rents. Join The Co-Living Community on Facebook to connect with other operators, ask questions, and learn from people actively building co-living portfolios. Follow Miller: @millermcswain Follow Craig: @thecraigcurelop Learn more about CoLivingPro: colivingpro.io

    1h 5m
5
out of 5
128 Ratings

About

Co-living is one of the most misunderstood, and highest-potential, ​ strategies in residential real estate investing. Most investors hear the buzzwords, see the cash-flow claims, and immediately assume it’s either too risky, too operationally intense, or too complicated to scale. The truth is simpler: coliving work exceptionally well when built on systems, governed by operational clarity, and executed like a real business, not a side hustle. The Co-Living Show exists to make that clarity accessible for serious professionals who want smarter returns without gambling on guesswork.​​Hosted by BiggerPockets authors Craig Curelop and Miller McSwain, The Co-Living Show goes far beyond surface-level real estate content. This is the only real estate investing podcast dedicated exclusively to the economics, operations, regulations, and strategic frameworks that drive high-density co-living and shared housing at scale. Whether you’re new to the model or a high-earning, time-poor professional seeking exposure to a sophisticated cash-flow real estate strategy without becoming an operator, this show delivers the confidence, understanding, and insight needed to invest intelligently.​​Each episode takes you inside the real-world systems behind co-living performance. You’ll hear from operators running multi-market portfolios, attorneys specializing in zoning and compliance, designers who understand space optimization and profitability, lenders financing room-by-room rental strategies, and property managers and city officials shaping the future of affordable housing innovation. You’ll also hear from the Co-Living Cash Flow Community, everyday investors solving operational challenges and executing the exact frameworks discussed on the show.​ 👉 Join the community: www.millermcswain.com/community​​There is no fluff here. No hype. No motivational noise. Every conversation is grounded in data, regulatory insight, operational logic, and investor-level clarity. Co-living is not “passive income.” It’s not a shortcut. It’s a system. And systems — when executed correctly — produce scalable, predictable returns that outperform traditional rental models. This is not speculative theory. It’s cash-flow real estate strategy in action.​​Craig brings acquisitions, underwriting, and market strategy. Miller brings operations, pricing systems, and standardization frameworks that make coliving scalable. Together, they deliver an operator’s perspective of an asset class most investors only see from the outside. As BiggerPockets authors, educators, and practitioners, they simplify complexity without diluting truth: coliving works, but only when done correctly.​​You’ll hear underwriting breakdowns, operator case studies, deal teardowns, regulatory realities, tenant strategy, market analysis, and the economic logic behind high-density residential investing. You’ll learn how to invest passively, partner with experienced operators, or simply understand the business model in depth, even if you never plan to manage a property yourself.​​The Co-Living Show does not claim co-living works. It proves when, why, and under what conditions it works.​​If you want confidence instead of conjecture, systems instead of speculation, and clarity instead of chaos, this is your source of truth for professional-grade residential real estate investing.​​Subscribe and join thousands of investors building deeper understanding, stronger portfolios, and smarter strategies, without wasting time on noise.​​This is the future of residential real estate investing. And now you’ll finally understand how it works.​​

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